One popular crypto analyst is naming his top five altcoins, including three Ethereum-competitors, to keep an eye on in March 2022.<\/p>\n
In his latest YouTube video, Altcoin Daily co-host Aaron Arnold says<\/a> he is bullish on\u00a0Ethereum<\/a> (ETH) and its layer-1 ETH competitors.<\/p>\n \u201cI\u2019m bullish on alternative layer-1s, but let\u2019s not forget the king of layer-1s \u2013 Ethereum.<\/em><\/p>\n How could you not be bullish with so many different verticals that are contributing to the great tokenomics that is Ethereum? Sometimes it\u2019s NFTs [non-fungible tokens], sometimes it\u2019s DeFi [decentralized finance].\u201d<\/em><\/p>\n The YouTube analyst references a\u00a0tweet<\/a>\u00a0from crypto reporter Jacquelyn Melinek to support his bullish stance.<\/p>\n \u201cTotal DeFi addresses are at 4.4 million, up 203% from year-ago date.\u201d<\/em><\/p>\n Arnold is also bullish on layer-1 (L1) alternative\u00a0Cosmos<\/a>\u00a0(ATOM), billed the internet of blockchains. Referencing a\u00a0pair<\/a>\u00a0of\u00a0tweets<\/a>\u00a0from crypto influencer Erik Voorhees, Arnold says ATOM \u201cis doing big things in the L1 space.\u201d<\/p>\n \u201cThe Cosmos ecosystem is gaining steam, and is unique among L1 alternatives to ETH. It\u2019s architected as a constellation of L1\u2019s that are natively interoperable. This means horizontal scaling where each DApp [decentralized application] creates its own capacity. And it means assets can move between chains.<\/em><\/p>\n I\u2019ve been a fan of Cosmos for several years, primarily because A) smart devs I know love it when they try it, and B) it doesn\u2019t make the decentralization sacrifices that other [Proof-of-Stake] L1s make. It\u2019s highly decentralized, and decentralizing. And the [user experience] of actual [transactions] is beautiful.\u201d<\/em><\/p>\n Arnold is also pumped on Ethereum-competing layer-1 solution\u00a0Solana<\/a>\u00a0(SOL) over the coming months, reacting to the\u00a0announcement<\/a>\u00a0that the Solana non-fungible token (NFT) marketplace Neon has begun selling NFTs in vending machines in New York City.<\/p>\n \u201cThis might be the most exciting thing you can buy at a vending machine since you were a kid getting those bouncy super balls.\u201d<\/em><\/p>\n Rounding out Arnold\u2019s favorite Ethereum-competitors is Avalanche (AVAX), which\u00a0reportedly<\/a>\u00a0received $25 million in institutional investment inflows last week. Arnold says the news sent the price of\u00a0Avalanche<\/a>\u00a0on a 20% rally.<\/p>\n Shifting from Ethereum alternatives, Arnold also says he is bullish on the little-known gaming altcoin Splinterlands<\/a>\u00a0(SPS), who recently\u00a0signed a deal<\/a>\u00a0with media giant Warner Music Group (WMG). Arnold calls the deal to develop new blockchain games around existing WMG artists \u201ca big partnership.\u201d<\/p>\n Says WMG Chief Digital Officer & Executive Vice President of Business Development Oana Ruxandra of the deal,<\/p>\n \u201cI don\u2019t think we can underestimate how massive the opportunity around P2E [play-to-earn] gaming is. Our partnership with Splinterlands pulls focus to our artists and their music as we all work together to develop and maintain tokenized games. As we build, we will be unlocking new revenue streams for our artists while further solidifying fans\u2019 participation in value created.\u201d<\/em><\/p>\n
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